Emerge Energy Services LP (EMES) Now Covered by Analysts at Evercore ISI

Emerge Energy Services LP (EMES) Now Covered by Analysts at Evercore ISI

A number of other research analysts have also weighed in on EMES. Zacks Investment Research upgraded Emerge Energy Services from a hold rating to a buy rating and set a $20.00 price objective on the stock in a report on Tuesday, January 31st. Wunderlich raised their target price on Emerge Energy Services from $20.00 to $30.00 and gave the stock a buy rating in a research note on Thursday, February 9th. Stifel Nicolaus raised their target price on Emerge Energy Services to $17.00 in a research note on Wednesday, March 1st. Finally, Goldman Sachs Group Inc raised their target price on Emerge Energy Services from $25.59 to $28.50 and gave the stock a buy rating in a research note on Monday, April 17th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $18.86.

Evercore ISI initiated coverage on shares of Emerge Energy Services LP (NYSE:EMES) in a report released on Thursday morning. The firm issued an in-line rating and a $15.00 price objective on the oil and gas company’s stock.

Emerge Energy Services (NYSE EMES) opened at 10.83 on Thursday. The company’s market cap is $325.67 million. Emerge Energy Services has a 52-week low of $4.53 and a 52-week high of $24.45. The firm’s 50-day moving average is $12.59 and its 200-day moving average is $14.08.

Emerge Energy Services (NYSE:EMES) last announced its quarterly earnings data on Wednesday, May 3rd. The oil and gas company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.34) by $0.04. The firm had revenue of $75.30 million during the quarter, compared to analysts’ expectations of $71.75 million. Emerge Energy Services had a negative net margin of 28.61% and a negative return on equity of 255.24%. The company’s revenue for the quarter was up 153.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($1.43) EPS. On average, equities research analysts anticipate that Emerge Energy Services will post ($0.19) EPS for the current year.

Several hedge funds have recently modified their holdings of the company. Bank of America Corp DE increased its stake in shares of Emerge Energy Services by 16.8% in the first quarter. Bank of America Corp DE now owns 1,172,926 shares of the oil and gas company’s stock worth $16,245,000 after buying an additional 168,346 shares during the period. Castleark Management LLC increased its stake in shares of Emerge Energy Services by 73.3% in the fourth quarter. Castleark Management LLC now owns 313,480 shares of the oil and gas company’s stock worth $3,859,000 after buying an additional 132,550 shares during the period. Credit Suisse AG increased its stake in shares of Emerge Energy Services by 32.4% in the first quarter. Credit Suisse AG now owns 531,884 shares of the oil and gas company’s stock worth $7,366,000 after buying an additional 130,034 shares during the period. Russell Investments Group Ltd. bought a new stake in shares of Emerge Energy Services during the fourth quarter worth about $764,000. Finally, RR Advisors LLC bought a new stake in shares of Emerge Energy Services during the fourth quarter worth about $693,000. 25.04% of the stock is owned by institutional investors and hedge funds.

About Emerge Energy Services

Emerge Energy Services LP owns, operates, acquires and develops a portfolio of energy service assets. The Company operates through Sand segment. The Company conducts its Sand operations through its subsidiary, Superior Silica Sands LLC (SSS). The Company’s Sand business mines, processes and distributes silica sand, an input for the hydraulic fracturing of oil and gas wells.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “EMES”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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